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TGS Baltic and Sorainen Advise on VK Investicija's Sale of Shares in Sparta Factory in Vilnius to Marquess Global

TGS Baltic and Sorainen Advise on VK Investicija's Sale of Shares in Sparta Factory in Vilnius to Marquess Global


TGS Baltic has advised KS Investicija on the sale of 45% of newly-issued shares in UAB VK Investicija to Swiss investor Marquess Global AG. VK Investicija is a holding company of AB Sparta, a former textile manufacturing company KS Investicija acquired in 2018. Sorainen advised Marquees Global on the deal.

The former Sparta factory in Vilnius is planned to be transformed into a technology campus.

Marquess Global AG is part of the Tesonet group, a cybersecurity and big data solutions company  providing services in more than 70 countries worldwide.

The TGS Baltic team included Partners Marius Matonis and Dainius Stasiulis, Associate Indre Vickaite-Liatuke, and Junior Associate Julija Skardziute.

The Sorainen team included Partner Kestutis Adamonis, Counsel Asta Augutyte-Rapkeviciene, and Senior Associates Karolis Kunigelis, Edita Dauksiene, and Evaldas Dudonis.

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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